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Cable Update (GBPUSD)

  • #447,561
  • Jan 21, 2017 3:45am Jan 21, 2017 3:45am
For my further postings here this year.

For the year 2017 i expect that Cable will stay in Range between 1.35 and 1.10

As long as it remains so, im fine.

Greets,

T.
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  • #447,562
  • Jan 21, 2017 3:50am Jan 21, 2017 3:50am
ok 2500 pip range your not really saying anything of use

Quoting Toranaga
For my further postings here this year. For the year 2017 i expect that Cable will stay in Range between 1.35 and 1.10 As long as it remains so, im fine. Greets, T.
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  • #447,563
  • Jan 21, 2017 3:59am Jan 21, 2017 3:59am
Quoting Bones
ok 2500 pip range your not really saying anything of use {quote}
Believe me i do. And that was my tight range. There is more than one possibility to trade Gbp/Usd atm.


Second,

(2500pip/2) + 1.10 = 1.2250 What is almost exactly where we are now.


Third,

with movements as we saw them this week with about 400 pips in one day
a range of 1250 pips in both direction isnt so large and useless as it seems at first.



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  • #447,564
  • Jan 21, 2017 4:00am Jan 21, 2017 4:00am
in actual fact cable has a much less range in a year regularly
put it this way last year was just over 3
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  • #447,565
  • Jan 21, 2017 4:11am Jan 21, 2017 4:11am
on the flash day my data was much lower near that tl changed in the following days
what to belive

Quoting Bones
if it went down and stayed down ,you'd know things are bad then no buy orders there was enough to bring it back ,I highly doubt back under 12000 {image}
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  • #447,566
  • Jan 21, 2017 4:21am Jan 21, 2017 4:21am
these long wicks are known to change the immediate trend in time I could find many examples
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  • #447,567
  • Jan 21, 2017 4:25am Jan 21, 2017 4:25am
Its not a tight range at all then still your not saying are you holding short on your narrow brexit theory

Quoting Toranaga
{quote} Believe me i do. And that was my tight range. There is more than one possibility to trade Gbp/Usd atm. Second, (2500pip/2) + 1.10 = 1.2250 What is almost exactly where we are now. Third, with movements as we saw them this week with about 400 pips in one day a range of 1250 pips in both direction isnt so large and useless as it seems at first.
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  • #447,568
  • Edited 5:28am Jan 21, 2017 4:39am | Edited 5:28am
I might add I could provide more confluence to the high prob situ that is presented ,
$ has produced a swing ,maybe to the major tl
4 up 4 down = long wicked north
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  • #447,569
  • Jan 21, 2017 4:41am Jan 21, 2017 4:41am
Not to sure about Cable. I can see this going higher now that it's clear what direction May wants to go with the Brexit. At current levels however, I'm not confident in picking a specific direction through a long or short trade.
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  • #447,570
  • Jan 21, 2017 5:54am Jan 21, 2017 5:54am
Quoting Bones
ok no prob your not looking at PA Ill let you know before it happens its not going in your lower box without hitting your red average be sure to quote me if im wrong {quote}
My 4 hour chart tells me it is trying to get to 1.245
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  • #447,571
  • Jan 21, 2017 6:07am Jan 21, 2017 6:07am
I simply ask myself a couple of questions...

1) Where is the money now?

2) Where is the sentiment likely to change?

I then start to trade on the lower time frames in the desired direction.

Reach my profit target and then quit for the day.

Simple.
  • #447,572
  • Jan 22, 2017 10:17am Jan 22, 2017 10:17am
Since i started trading this way, i started to be profitable.
But you have to have much much more patience and simply let it roll..

And dont believe anything what is said or written and simply follow your plan.
Sometimes you are right, sometimes not. The trick is to be more right than wrong.

Super keen what will happen this week. Will the trend lines hold,
what will happen. Court decision this week aso aso.

Happy trading.

T.
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  • #447,573
  • Edited 5:22pm Jan 22, 2017 5:12pm | Edited 5:22pm
Good evening (or morning) all.

Alright, so what's on the "menu" today, this Sunday 1/22/2017?

Nothing much really, the only financial report that could move the market during this Asian session is the Japanese "All Industry Activity Index", due at 11:30 PM (EST).

Ok, so be it, let's see if we can find a nice trading opportunity on the Yen and all its crosses, and/or on its cousins the AUD and NZD, to some extent.

That said I am waiting for a pullback on the GBP/USD, this pair is going to go up big time, watch...
  • #447,574
  • Jan 22, 2017 6:17pm Jan 22, 2017 6:17pm
Time to burn the bears.
"Where you want to be is always in control, never wishing, always trading.
  • #447,575
  • Jan 22, 2017 6:31pm Jan 22, 2017 6:31pm
Quoting Spec_And
Time to burn the bears.
Yep, the cable is alive and kicking, at least for now...

Still waiting for that pullback however, around 1.2350.
  • #447,576
  • Jan 22, 2017 7:44pm Jan 22, 2017 7:44pm
Looks like we have ourselves a BULLISH outlook for the weeks to come off the 1.2000 level.
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  • #447,577
  • Jan 22, 2017 7:53pm Jan 22, 2017 7:53pm
Hello guys and girls. Cable looking bullish for the next couple of weeks or so, likely to move to 1.33-1.34. There, it will probably reverse lower

I am on a few longs with stops just below last Friday's lows. Daily chart attached
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  • #447,578
  • Edited 8:41pm Jan 22, 2017 8:22pm | Edited 8:41pm
Quoting ItsAtrap
I am on a few longs with stops just below last Friday's lows.
Long where and stop where ?

Oddly enough, everybody is always long or short but after the fact (and of course their stop is never hit...)

But yes, GBP/USD looks bullish in the short term.

In the long run it will go down like a ton of bricks and then you can blame it on Soros or whatever, if you are not on the right side of the market.

Relax, just my opinion you British Pound buyers out there
  • #447,579
  • Jan 22, 2017 9:18pm Jan 22, 2017 9:18pm
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  • #447,580
  • Edited 11:48pm Jan 22, 2017 10:40pm | Edited 11:48pm
Long cable at 1.2375 on a limit, 50 pip stop.
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